Google Jumps on Earnings Beat

NEW YORK (TheStreet) -- Google shares jumped 4.6% to $929.90 in after-hours after the online search giant posted earnings that beat expectations.

The Mountain View, Calif.-based Google reported earnings of $10.74 on $11.93 billion in revenue, excluding traffic acquisition costs. With TAC, revenue was $14.9 billion. Analysts surveyed by Thomson Reuters expected Google to earn $10.34 per share on $14.79 billion in revenue, including TAC, during the quarter.

"Google had another strong quarter with $14.9 billion in revenue and great product progress," said Larry Page, CEO of Google. "We are closing in on our goal of a beautiful, simple, and intuitive experience regardless of your device."